5 October 2011
Property developers have applauded todays announcement of a blanket ban on political donations from all corporations in NSW and local government elections. NSW Premier Barry OFarrell today announced legislation would be introduced to the Parliament to ban all corporate donations. Under the legislation, donations will be restricted to individuals on the electoral roll.
The Urban Taskforces chief executive, Aaron Gadiel, said the organisation had been campaigning for a blanket ban for many years.
Weve had a ban on political donations by property developers since 2009, Mr Gadiel said.
In our view, the ban has helped strengthen confidence in government decision-making – and thats important to our industry.
A more generalised ban is equitable, because it makes little sense for some industries to be singled out, while others are treated punitively.
The community will have greater confidence in government decision-making across the board as a result of the reforms announced by the Premier today.
Mr Gadiel said that he would study the detail of the governments proposed legislation once it becomes available.
The Urban Taskforce is a property development industry group, representing Australias most prominent property developers and equity financiers.
